May 2020 Monthly Recap

Fiscal Stimulus

Coronavirus Distributions from Workplace Retirement Plans

Relief may be available for employees impacted by Covid-19. The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. For a short period of time, the Act allows participants affected by the Coronavirus to access funds in their retirement plan accounts through special withdrawal and loan provisions. Read More

Paycheck Protection Program – Key Dates Required Under The Controversial Program

On April 24, 2020, President Trump signed the Paycheck Protection Program and Health Care Enhancement Act (PPP & HCE Act), which includes provisions for $310 billion of additional funding to restart the Paycheck Protection Program (PPP). The bill is the fourth passed to address the economic impact of Covid-19. Read More

Market Recap

April Fools! S&P Continues Bounceback for 17% Gain

March was the longest year, but April seemed like a quick week. The S&P’s 17% gain for April made it the best April in several decades, continuing its 30% bounceback from the thrashing it bounced back from since late March. Read More